Automotive Steel Market Size & Share 2022 to 2030
Market Size by Process (Basic Oxygen Furnace, Electric Arc Furnace), by Product (Low-strength Steel, Conventional HSS, Advanced High Strength Steel (AHSS), Others), by Vehicle, by Application & Forecast.Download Free PDF
Report Content
Chapter 1 Methodology and Scope
1.1 Scope & definitions
1.2 Methodology and forecast parameters
1.3 Region-wise COVID-19 impact:
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Data sources
1.4.1 Secondary
1.4.1.1 Paid sources
1.4.1.2 Public sources
1.4.2 Primary
1.5 Industry Glossary
Chapter 2 Executive Summary
2.1 Automotive steel market 360° synopsis, 2018 - 2030
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Process trends
2.1.4 Product by application trends
2.1.5 Vehicle trends
2.1.6 Application trends
Chapter 3 Automotive Steel Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2030
3.2.1 Impact of Covid-19 outbreak
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.1.1 Scrap steel
3.3.1.2 Direct reduced iron (DRI)
3.3.1.3 Hot Briquetted Iron (HBI)
3.3.1.4 Pig Iron
3.3.1.5 Hot Metal
3.3.2 Manufacturers
3.3.3 Distribution channel analysis
3.3.4 Profit margin trends
3.3.5 Value addition at each stage
3.3.6 Vendor matrix
3.3.6.1 Key raw material suppliers
3.3.6.2 Key product manufacturer
3.3.6.3 Key end user
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.4.3 Asia Pacific
3.5 Pricing analysis (including COVID-19 impact)
3.5.1 Regional price trends
3.5.2 Product price trends
3.5.3 Cost structure analysis
3.5.3.1 Manufacturing & equipment costs
3.5.3.2 Raw material costs
3.5.3.3 Distribution cost
3.5.3.4 Operating cost
3.5.3.5 R&D cost
3.5.3.6 Miscellaneous cost
3.6 Technology landscape
3.7 Innovation & sustainability
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Upsurge in demand of automobile around the world
3.8.1.2 Increasing acceptance of lightweight steel in automobiles
3.8.1.3 Stringent regulations for reducing fuel emissions
3.8.1.4 The increasing adoption of EVs is likely to surge the industry proliferation
3.8.2 Industry pitfalls and challenges
3.8.2.1 Availability of substitutes
3.8.2.2 Price volatility and supply chain issues
3.9 Growth potential analysis, 2021
3.10 Competitive landscape
3.10.1 Top players analysis
3.10.2 Automotive steel mills overview, 2021
3.10.3 Key stakeholders
3.10.4 Strategy dashboard
3.11 Porter's analysis
3.11.1 Supplier power
3.11.2 Buyer power
3.11.3 Threat of new entrants
3.11.4 Threat of substitute
3.11.5 Industry rivalry
3.12 PESTEL analysis
Chapter 4 Automotive Steel Market, By Process
4.1 Automotive steel market share, by grade, 2021 & 2030
4.2 Basic Oxygen Furnace (BOF)
4.2.1 Market estimates and forecast, 2018 - 2030
4.2.2 Market estimates and forecast, by region, 2018 - 2030
4.3 Electric Arc Furnace (EAF)
4.3.1 Global Market estimates and forecast, 2018 - 2030
4.3.2 Market estimates and forecast, by region, 2018 - 2030
Chapter 5 Automotive Steel Market, Product By Application
5.1 Automotive steel market share, product by application, 2021 & 2030
5.2 Low Strength Steel
5.2.1 Market estimates and forecast, 2018 – 2030
5.2.2 Market estimate and forecast, by application 2018-2030
5.2.3 Market estimates and forecast, by region, 2018 - 2030
5.3 Conventional HSS
5.3.1 Market estimates and forecast, 2018 – 2030
5.3.2 Market estimate and forecast, by application 2018-2030
5.3.3 Market estimates and forecast, by region, 2018 - 2030
5.4 Advance High Strength Steel (AHSS)
5.4.1 Market estimates and forecast, 2018 – 2030
5.4.2 Market estimate and forecast, by application 2018-2030
5.4.3 Market estimates and forecast, by region, 2018 - 2030
5.5 Others
5.5.1 Market estimates and forecast, 2018 – 2030
5.5.2 Market estimate and forecast, by application 2018-2030
5.5.3 Market estimates and forecast, by region, 2018 - 2030
Chapter 6 Automotive Steel Market, By Vehicle
6.1 Automotive steel market share, by vehicle, 2021 & 2030
6.2 Passenger Vehicles
6.2.1 Market estimates and forecast, 2018 - 2030
6.2.2 Market estimates and forecast, by region, 2018 - 2030
6.3 Light Commercial Vehicles
6.3.1 Market estimates and forecast, 2018 - 2030
6.3.2 Market estimates and forecast, by region, 2018 - 2030
6.4 Heavy Commercial Vehicles
6.4.1 Market estimates and forecast, 2018 - 2030
6.4.2 Market estimates and forecast, by region, 2018 - 2030
6.5 Two-wheeler Vehicles
6.5.1 Market estimates and forecast, 2018 - 2030
6.5.2 Market estimates and forecast, by region, 2018 - 2030
Chapter 7 Automotive Steel Market, By Application
7.1 Automotive steel market share, by vehicle, 2021 & 2030
7.2 Body Structure
7.2.1 Market estimates and forecast, 2018 - 2030
7.2.2 Market estimates and forecast, by region, 2018 - 2030
7.3 Power Train
7.3.1 Market estimates and forecast, 2018 - 2030
7.3.2 Market estimates and forecast, by region, 2018 - 2030
7.4 Suspension
7.4.1 Market estimates and forecast, 2018 - 2030
7.4.2 Market estimates and forecast, by region, 2018 - 2030
7.5 Others
7.5.1 Market estimates and forecast, 2018 - 2030
7.5.2 Market estimates and forecast, by region, 2018 - 2030
Chapter 8 Automotive Steel Market, By Region
8.1 Automotive steel market share, by region, 2021 & 2030
8.2 North America
8.2.1 Market estimates and forecast, 2018 - 2030
8.2.2 Market estimates and forecast, by process, 2018 - 2030
8.2.3 Market estimates and forecast, by product by application, 2018 - 2030
8.2.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.2.5 Market estimates and forecast, by application, 2018 - 2030
8.2.6 U.S.
8.2.6.1 Market estimates and forecast, 2018 - 2030
8.2.6.2 Market estimates and forecast, by process, 2018 - 2030
8.2.6.3 Market estimates and forecast, by product by application, 2018 - 2030
8.2.6.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.2.6.5 Market estimates and forecast, by application, 2018 - 2030
8.2.7 Canada
8.2.7.1 Market estimates and forecast, 2018 - 2030
8.2.7.2 Market estimates and forecast, by process, 2018 - 2030
8.2.7.3 Market estimates and forecast, by product by application, 2018 - 2030
8.2.7.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.2.7.5 Market estimates and forecast, by application, 2018 - 2030
8.3 Europe
8.3.1 Market estimates and forecast, 2018 - 2030
8.3.2 Market estimates and forecast, by process, 2018 - 2030
8.3.3 Market estimates and forecast, by product by application, 2018 - 2030
8.3.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.3.5 Market estimates and forecast, by application, 2018 - 2030
8.3.6 Germany
8.3.6.1 Market estimates and forecast, 2018 - 2030
8.3.6.2 Market estimates and forecast, by process, 2018 - 2030
8.3.6.3 Market estimates and forecast, by product by application, 2018 - 2030
8.3.6.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.3.6.5 Market estimates and forecast, by application, 2018 - 2030
8.3.7 UK
8.3.7.1 Market estimates and forecast, 2018 - 2030
8.3.7.2 Market estimates and forecast, by process, 2018 - 2030
8.3.7.3 Market estimates and forecast, by product by application, 2018 - 2030
8.3.7.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.3.7.5 Market estimates and forecast, by application, 2018 - 2030
8.3.8 France
8.3.8.1 Market estimates and forecast, 2018 - 2030
8.3.8.2 Market estimates and forecast, by process, 2018 - 2030
8.3.8.3 Market estimates and forecast, by product by application, 2018 - 2030
8.3.8.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.3.8.5 Market estimates and forecast, by application, 2018 - 2030
8.3.9 Italy
8.3.9.1 Market estimates and forecast, 2018 - 2030
8.3.9.2 Market estimates and forecast, by process, 2018 - 2030
8.3.9.3 Market estimates and forecast, by product by application, 2018 - 2030
8.3.9.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.3.9.5 Market estimates and forecast, by application, 2018 - 2030
8.3.10 Spain
8.3.10.1 Market estimates and forecast, 2018 - 2030
8.3.10.2 Market estimates and forecast, by process, 2018 - 2030
8.3.10.3 Market estimates and forecast, by product by application, 2018 - 2030
8.3.10.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.3.10.5 Market estimates and forecast, by application, 2018 - 2030
8.4 Asia Pacific
8.4.1 Market estimates and forecast, 2018 - 2030
8.4.2 Market estimates and forecast, by process, 2018 - 2030
8.4.3 Market estimates and forecast, by product by application, 2018 - 2030
8.4.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.4.5 Market estimates and forecast, by application, 2018 - 2030
8.4.6 China
8.4.6.1 Market estimates and forecast, 2018 - 2030
8.4.6.2 Market estimates and forecast, by process, 2018 - 2030
8.4.6.3 Market estimates and forecast, by product by application, 2018 - 2030
8.4.6.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.4.6.5 Market estimates and forecast, by application, 2018 - 2030
8.4.7 India
8.4.7.1 Market estimates and forecast, 2018 - 2030
8.4.7.2 Market estimates and forecast, by process, 2018 - 2030
8.4.7.3 Market estimates and forecast, by product by application, 2018 - 2030
8.4.7.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.4.7.5 Market estimates and forecast, by application, 2018 - 2030
8.4.8 Japan
8.4.8.1 Market estimates and forecast, 2018 - 2030
8.4.8.2 Market estimates and forecast, by process, 2018 - 2030
8.4.8.3 Market estimates and forecast, by product by application, 2018 - 2030
8.4.8.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.4.8.5 Market estimates and forecast, by application, 2018 - 2030
8.4.9 South Korea
8.4.9.1 Market estimates and forecast, 2018 - 2030
8.4.9.2 Market estimates and forecast, by process, 2018 - 2030
8.4.9.3 Market estimates and forecast, by product by application, 2018 - 2030
8.4.9.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.4.9.5 Market estimates and forecast, by application, 2018 - 2030
8.4.10 Indonesia
8.4.10.1 Market estimates and forecast, 2018 - 2030
8.4.10.2 Market estimates and forecast, by process, 2018 - 2030
8.4.10.3 Market estimates and forecast, by product by application, 2018 - 2030
8.4.10.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.4.10.5 Market estimates and forecast, by application, 2018 - 2030
8.5 Latin America
8.5.1 Market estimates and forecast, 2018 - 2030
8.5.2 Market estimates and forecast, by process, 2018 - 2030
8.5.3 Market estimates and forecast, by product by application, 2018 - 2030
8.5.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.5.5 Market estimates and forecast, by application, 2018 - 2030
8.5.6 Brazil
8.5.6.1 Market estimates and forecast, 2018 - 2030
8.5.6.2 Market estimates and forecast, by process, 2018 - 2030
8.5.6.3 Market estimates and forecast, by product by application, 2018 - 2030
8.5.6.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.5.6.5 Market estimates and forecast, by application, 2018 - 2030
8.5.7 Mexico
8.5.7.1 Market estimates and forecast, 2018 - 2030
8.5.7.2 Market estimates and forecast, by process, 2018 - 2030
8.5.7.3 Market estimates and forecast, by product by application, 2018 - 2030
8.5.7.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.5.7.5 Market estimates and forecast, by application, 2018 - 2030
8.6 Middle East & Africa
8.6.1 Market estimates and forecast, 2018 - 2030
8.6.2 Market estimates and forecast, by process, 2018 - 2030
8.6.3 Market estimates and forecast, by product by application, 2018 - 2030
8.6.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.6.5 Market estimates and forecast, by application, 2018 - 2030
8.6.6 South Africa
8.6.6.1 Market estimates and forecast, 2018 - 2030
8.6.6.2 Market estimates and forecast, by process, 2018 - 2030
8.6.6.3 Market estimates and forecast, by product by application, 2018 - 2030
8.6.6.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.6.6.5 Market estimates and forecast, by application, 2018 - 2030
8.6.7 Saudi Arabia
8.6.7.1 Market estimates and forecast, 2018 - 2030
8.6.7.2 Market estimates and forecast, by process, 2018 - 2030
8.6.7.3 Market estimates and forecast, by product by application, 2018 - 2030
8.6.7.4 Market estimates and forecast, by vehicle, 2018 – 2030
8.6.7.5 Market estimates and forecast, by application, 2018 – 2030
Chapter 9 Company Profiles
9.1 ArcelorMittal
9.1.1 Business overview
9.1.2 Financial data
9.1.3 Product landscape
9.1.4 Strategic outlook
9.1.5 SWOT analysis
9.2 TATA Steel
9.2.1 Business overview
9.2.2 Financial data
9.2.3 Product landscape
9.2.4 Strategic outlook
9.2.5 SWOT analysis
9.3 China Steel Corporation
9.3.1 Business overview
9.3.2 Financial data
9.3.3 Product landscape
9.3.4 Strategic outlook
9.3.5 SWOT analysis
9.4 Hyundai Steel
9.4.1 Business overview
9.4.2 Financial data
9.4.3 Product landscape
9.4.4 Strategic outlook
9.4.5 SWOT analysis
9.5 United States Steel Corporation
9.5.1 Business overview
9.5.2 Financial data
9.5.3 Product landscape
9.5.4 Strategic outlook
9.5.5 SWOT analysis
9.6 JSW Group
9.6.1 Business overview
9.6.2 Financial data
9.6.3 Product landscape
9.6.4 Strategic outlook
9.6.5 SWOT analysis
9.7 POSCO
9.7.1 Business overview
9.7.2 Financial data
9.7.3 Product landscape
9.7.4 Strategic outlook
9.7.5 SWOT analysis
9.8 Nippon Steel & Sumitomo Metal Corporation
9.8.1 Business overview
9.8.2 Financial data
9.8.3 Product landscape
9.8.4 Strategic outlook
9.8.5 SWOT analysis
9.9 JFE Steel Corporation
9.9.1 Business overview
9.9.2 Financial data
9.9.3 Product landscape
9.9.4 Strategic outlook
9.9.5 SWOT analysis
9.10 NUCOR Corporation
9.10.1 Business overview
9.10.2 Financial data
9.10.3 Product landscape
9.10.4 Strategic outlook
9.10.5 SWOT analysis
9.11 Jindal Steel & Power.
9.11.1 Business overview
9.11.2 Financial data
9.11.3 Product landscape
9.11.4 Strategic outlook
9.11.5 SWOT analysis
9.12 Grow Ever Steel
9.12.1 Business overview
9.12.2 Financial data
9.12.3 Product landscape
9.12.4 Strategic outlook
9.12.5 SWOT analysis
9.13 HBIS Group
9.13.1 Business overview
9.13.2 Financial data
9.13.3 Product landscape
9.13.4 Strategic outlook
9.13.5 SWOT analysis
9.14 Outokumpu OYJ
9.14.1 Business overview
9.14.2 Financial data
9.14.3 Product landscape
9.14.4 Strategic outlook
9.14.5 SWOT analysis
9.15 Kobe Steel
9.15.1 Business overview
9.15.2 Financial data
9.15.3 Product landscape
9.15.4 Strategic outlook
9.15.5 SWOT analysis
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Base Year: 2021
Companies Profiled: 15
Tables and Figures: 809
Countries covered: 16
Pages: 500
Download Free PDF
Base Year: 2021
Companies Profiled: 15
Tables and Figures: 809
Countries covered: 16
Pages: 500
Download Free PDF
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Kiran Pulidindi. 2022, August. Automotive Steel Market - By Process (Basic Oxygen Furnace, Electric Arc Furnace), By Product (Low-strength Steel, Conventional HSS, Advanced High Strength Steel (AHSS), Others), By Vehicle, By Application & Forecast, 2022-2030 (Report ID: GMI3310). Global Market Insights Inc. Retrieved August 10, 2026, from https://www.gminsights.com/toc/details/automotive-steel-market
Automotive Steel Market
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Automotive Steel Market Size
Automotive Steel Market size valued at USD 112.93 billion in 2021 and is projected to expand at over 3% in terms of revenue from 2022 to 2030. Rising adoption of electric vehicles will augment the demand for automotive steel.
High government emphasis across varied regions on promoting electrification to reduce the carbon footprint of automobiles will also propel product uptake in the automotive sector. For instance, in 2021, the U.S. government passed a bill to invest USD 550 billion toward a carbon-free initiative, under which USD 7.5 billion was allocated for building EV charging stations.
New lightweight automotive steel product development will transform the market outlook. Companies have been engaging in product innovation and strategic acquisitions to stimulate their presence. Additionally, companies would benefit from the growing demand for sustainable and efficient automobiles.
Availability of substitutes may restrain industry progression
Availability of alternative materials for vehicles is a major factor restraining the automotive steel market growth. The use of aluminum has increased since they are lightweight as compared to steel, which may impact sales. Nonetheless, manufacturers have been investing highly in research and development activities as well as forming strategic alliances, which will benefit the industry revenue.
Automotive Steel Market Analysis
In terms of process, the market is classified into electric arc furnace (EAF) and basic oxygen furnace (BOF). The BOF segment is estimated to attain around 3% growth rate and will reach USD 111,470 million revenue by 2030. The growth is attributed to the cost advantage factor of these furnaces.
The advanced high strength steel segment is expected to cross USD 68,880 million in revenue by 2030. The segment accounted for the highest industry share due to the rising demand for light weight steel in electric as well as ICE vehicles.
Based on vehicle, the automotive steel market is categorized into light commercial vehicles, passenger vehicles, heavy commercial vehicles, and two-wheeler vehicles. The passenger vehicles segment held the majority market share on account of increasing passenger car sales in the past few years and will continue to experience a positive outlook, exhibiting a CAGR of over 3% through 2030.
With respect to application, the automotive steel industry has been divided into body structure, power train, suspension, and others. The body structure segment is set to record a valuation of about USD 66,620 million by 2030, expanding at above 3% CAGR. Body structure dominated the application segment as a result of the growing use of CHSS to optimize strength, reduce vehicle weight, and improve vehicle performance.
The Asia Pacific automotive steel market is predicted to observe nearly 3.4% CAGR to surpass USD 86,295 million in revenue by 2030 backed by soaring automotive production and increasing vehicle demand in the region.
Another region that may emerge as a key revenue hub is Europe. The regional industry growth is owing to strict regulations to reduce carbon dioxide emissions in nations including the UK and Germany.
Automotive Steel Market Share
Key participants operating in the industry are:
Varied acquisition opportunities and consistent research & development to enhance product reliability will shape the strategic landscape. Besides, burgeoning initiatives toward the mitigation of carbon footprint of the automobile sector will prove advantageous for companies.
To cite an instance, in July 2022, Tata Steel and BHP, a major global resources firm, signed an MoU to jointly explore steelmaking technology and low carbon iron. As a part of the deal, the firms planned to work together to find ways to reduce emissions produced by the blast furnace steel route.
Impact of COVID-19 Pandemic
The COVID-19 pandemic had a slightly negative impact on the industry due to stringent lockdowns, delays in production, and disruptions in the global supply chain. However, surging disposable incomes have bolstered the demand for vehicles. Moreover, government initiatives toward the adoption of EVs have positively influenced the automotive industry. Propelled by the surge in automobile sales and high product penetration in the automotive sector, the industry is set to witness positive outcomes through 2030.
This market research report on automotive steel includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand tons and revenue in USD million from 2018 to 2030 for the following segments:
Market, By Process
Market, By Vehicle
Market, Product By Application
Market, By Application
Market, By Region